7. Goods perishing before making of contract

Terms defined in s 2

• goods

  goods

  Defined · s 2

  “goods” means every kind of movable property other than actionable claims and money; and includes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale; a person is said to be “insolvent” who has ceased to pay his debts in the ordinary course of business, or cannot pay his debts as they become due, whether he has committed an act of bankruptcy or not;

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• seller

  seller

  Defined · s 2

  “seller” means a person who sells or agrees to sell goods;

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• specific goods

  specific goods

  Defined · s 2

  “specific goods” means goods identified and agreed upon at the time a contract of sale is made; and any expression used but not defined in this Act which is defined in the Contracts Act 1950, shall have the meaning assigned to it in that Act. Application of Contracts Act 1950

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